Weekly Startup Ecosystem Overview in Europe / October 9 – 13

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This week, more than 90 funding rounds took place in European entrepreneurship ecosystem. Here is the notable funding rounds and secondary transactions between October 9 – 13:


4 United Kingdom (UK), 4 France, 2 Germany, 1 Estonia, 1 Belgium

Secondary Transactions:

2 France, 1 Germany

Sectors Received Investments:

3 Financial Services

1 Battery / Manufacturing

1 Biotechnology

1 Artificial Intelligence

1 Energy Management

1 Cyber Security

1 Elder Care

1 Medical Equipment Manufacturing

1 Insurance

1 Health Care

News of the Week

🎯 Deeptech company Orbem raised €30 million.

Orbem, which uses AI-powered MRI technology for scanning biological samples in various sectors, has raised €30 million in Series A funding round, led by 83NorthThe Venture CollectivePossible Ventures, La Famiglia, Rüdiger Schmidt, Hanno Renner, Roman Schumacher, Jonas Rieke, Rubin Ritter, Michael Wax, Erik Muttersbach, Dr. Michael Ardelt, Dr. Alexander Hüttenbrink, Dr. Oliver Trinchera and Bastian Nominacher also participated in the investment round.

Transaction Type: Investment

Investors: 83North, The Venture Collective, Possible Ventures, La Famiglia, Rüdiger Schmidt, Hanno Renner, Roman Schumacher, Jonas Rieke, Rubin Ritter, Michael Wax, Erik Muttersbach, Dr. Michael Ardelt, Dr. Alexander Hüttenbrink, Dr. Oliver Trinchera, Bastian Nominacher

Co-founders: Maria Laparidou, Miguel Molina Romero, Pedro Gómez

Headquarters: Germany

🎯 Fintech startup Untangled Finance raised $13.5 million.

Untangled Finance, which uses blockchain, automation & advance analytics to digitally securitise, transact and monitor green financing portfolios, has raised $13.5 million from Fasanara Capital.

Transaction Type: Investment

Investors: Fasanara Capital

Co-founders: Quan Le, Manrui Tang

Headquarters: United Kingdom (UK)

🎯 Deep vertical SaaS provider kennek raised €11.8 million.

Kennek, which offers a deep vertical SaaS for lenders across the full value chain of lending and the entire life cycle of a loan, has raised €11.8 million in Seed funding round, led by HV CapitalDutch Founders FundAlbionVCFFVCPlug & Play Ventures and Syndicate One also participated in the investment round.

Transaction Type: Investment

Investors: HV Capital, Dutch Founders Fund, AlbionVC, FFVC, Plug & Play Ventures, Syndicate One

Co-founders: Edmund Parsons, Thibault Lancksweert, Xavier De Pauw

Headquarters: United Kingdom (UK)

🎯 Fast energy storage firm Skeleton Technologies raised €108 million.

Skeleton Technologies, an ultracapacitor manufacturer that produces high-performance energy storage devices for various industries, has raised €108 million in equity and debt funding round from Siemens Financial Services (SFS)Marubeni Corporation and other investors.

Transaction Type: Investment

Investors: Siemens Financial Services, Marubeni Corporation, other investors

Co-founders: Taavi Madiberk, Oliver Ahlberg

Headquarters: Estonia

🎯 Biotech company Agomab Therapeutics raised €94.9 million.

AgomAb Therapeutics, which develops growth factor-mimetic agonistic monoclonal antibodies to regenerate damaged tissues, has raised €94.9 million in Series C funding round, led by Fidelity Management & Research Company. EQT Life Sciences (EQT), Canaan and Dawn Biopharma also participated in the investment round.

Transaction Type: Investment

Investors: Fidelity Management & Research Company, EQT Life Sciences (EQT), Canaan, Dawn Biopharma

Co-founders: –

Headquarters: Belgium

🎯 Digital wealth management infrastructure Upvest raised €30 million.

Upvest, which provides the necessary infrastructure for digital wealth management for trading, settlement and custody, in one low-friction API, has raised €30 million. The investment round was joined by BlackRockBessemer Venture PartnersHV CapitalEarlybirdNotion CapitalABN Amro Ventures and 10x Capital.

Transaction Type: Investment

Investors: BlackRock, Bessemer Venture Partners, HV Capital, Earlybird, Notion Capital, ABN Amro Ventures, 10x Capital

Co-founders: Martin Kassing

Headquarters: Germany

🎯 Smart home energy technology manufacturer myenergi raised £30 million.

Myenergi, a designer and manufacturer of renewable energy products for eco-smart home management, has raised £30 million from Energy Impact Partners.

Transaction Type: Investment

Investors: Energy Impact Partners

Co-founders: Lee Sutton, Jordan Marie Brompton

Headquarters: United Kingdom (UK)

🎯 Cybersecurity startup HarfangLab raised €25 million.

HarfangLab, which develops a hunting software to boost detection and neutralization of cyberattacks against companies endpoints, has raised €25 million in Series A funding round. The investment round was led by Crédit Mutuel Innovation, with participation from MassMutual Ventures and Elaia.

Transaction Type: Investment

Investors: Crédit Mutuel Innovation, MassMutual Ventures, Elaia

Co-founders: Grégoire Germain, Xavier Boreau

Headquarters: France

🎯 Eldercare online marketplace Lottie raised $21 million.

Eldercare marketplace Lottie, has raised $21 million in Series A funding round, led by AccelGeneral Catalyst also participated in the investment round.

Transaction Type: Investment

Investors: Accel, General Catalyst

Co-founders: Chris Donnelly, Will Donnelly

Headquarters: United Kingdom (UK)

🎯 Medical device provider RDS raised €13 million.

Medical device manufacturer RDS, has raised €13 million in Seed funding round from Capital Grand Est.

Transaction Type: Investment

Investors: Capital Grand Est

Co-founders: –

Headquarters: France

🎯 Modular insurance solutions provider Orus raised €11 million.

Orus, which provides simple and transparent insurance coverage for small business owners, has raised €10 million in Series A funding round. The investmetn round was led by Notion Capital, with participation from VR VenturesFrstPartechPortage, Thierry Daucourt, Grégoire Rastoul and Albert Malagarriga Fandos.

Transaction Type: Investment

Investors: Notion Capital, VR Ventures, Frst, Partech, Portage, Thierry Daucourt, Grégoire Rastoul, Albert Malagarriga Fandos

Co-founders: Come Dartiguenave, Tom Le Bras

Headquarters: France

🎯 Ophthalmological digital health startup Tilak Healthcare raised €10 million.

Tilak Healthcare, a digital healthcare provider that is developing a technology platform involving medical video games prescribed by healthcare professionals to help people with chronic vision disorders, has raised €10 million, led by Elaia and Cap HorniBionextSWEN Capital PartnersThéaAdelie and Yann Fleureau also participated in the investment round.

Transaction Type: Investment

Investors: Elaia, Cap Hornet, iBionext, SWEN Capital Partners, Théa, Adelie, Yann Fleureau

Co-founders: Edouard Gasser

Headquarters: France

🛒 360Learning acquires eLamp.

Corporate learning platform 360Learning has acquired AI-powered skills management platform eLamp.

Transaction Type: Acquisition

Investors: 360Learning

Co-founders: Florian Bojda, Jean-Baptiste Noachovitch, Olivier Rohou

Headquarters: France

🛒 EcoMundo, acquired by Lisam Systems.

Compliance management software solution Lisam Systems has acquired regulatory and compliance software EcoMundo.

Transaction Type: Acquisition

Investors: Lisam Systems

Co-founders: Pierre Garcon

Headquarters: France

🛒 Dock Financial acquires Paydora Finance.

Dock Financial has acquired fintech startup Paydora Finance.

Transaction Type: Acquisition

Investors: Dock Financial

Co-founders: Claudio Wilhelmer, Matthias Seiderer and Christofer Trowe

Headquarters: Germany

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